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Search Results 0 to 5 of about 6 (some duplicates have been removed)
of office today protected the state of the economy. they said two things. number one, the deficit this year is going to come in lower trim dollars, the first time in the obama years. and they also said we're only goal going to great growth of 1.4%. they're saying if you cut spending, you will cut the deficit. if you raise taxes, you will cut the deficit. they're saying the exact opposite to you. >> doesn't make sense. i don't think the government is going to collect all the new revenues they're protecting because when you start taxing investors, small businesses, they tend to cut back and don't have the profits to pay taxes on. the presidentes distracting from the real conversation, stewart. we have to cut spending. there are many areas of the government where we duplicate other areas, where there's wasteful spending. we need to move some things back to the states and need to make a commitment to balance our budget within ten years. if we do that, we see our markets and our economy improve almost overnight. >> quickly, jim, do you predict dealt disaster if you raise taxes? >> i think our de
baseline to 25% of gtp. this the in the new normal no interest in bringing down the deficit or the debt. >> we just did this whole fiscal cliff thing at the end of the year. we thought hey had a deal where we're going to raise revenues this way and cut spending this way, blah blah blah. listen to what president barack obama said just this past sunday. >> there's no doubt we need additional revenue. coupled with smart spending reductions, in order to bring down our deficit. >> was he crossing his fingers behind his back when he negotiated the fiscal cliff deal? sounds like he is going after more revenue. >> he'll never stop trying to raise taxes. whether or not he can succeed i don't know. he comes out of a far left ideology that believes in class warfare and radical wealth restriction and to feed that you need tax revenue coming from the so-called 1% on whom he raised tax throw it the fiscal cliff deal. he knows the real now is with the mitting class so he is coming for you. so -- >> wait, wait. right there want you to listen to this. this is also what he said. >> can we close some loop
adding 10 to 15 billion dollars onto debt to keep running up these deficits year after year. something has to change. what's the answer? do we raise -- hold on. do we raise the price of stamps or renegotiate your contracts? >> first off, you talk about the billion that -- the money you just talked about, how much of that is the prepayment which he we are funding prepaid military benefits for all other agencies. we're the only government agency required to do that since 2006. >> all right. >> as mandated by. paea. so without that, how much of that loss would have been actual loss? >> well, i don't know, but i know for the last three or four years there have been multiple billion dollar losses that the postal service has thrown over to the treasury which myself and most of our viewers out here, we're funding the treasury but the postal service is throwing losses onto us. >> the postal service has not taken any taxpayer money. >> absolutely incorrect, ma'am. where is the money coming from? tell me where the money came from. >> the postal service has no record of taking taxpayers' money. w
Search Results 0 to 5 of about 6 (some duplicates have been removed)

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